Investing in bitcoin is several times more profitable and less risky than investing in gold, which is why selling gold and holding bitcoins is the current trend. At present the price of Bitcoin has received the most attention due to which other investors are more inclined to invest in Bitcoin. But I think that the most success is achieved by holding Bitcoin alone, those who invested in Bitcoin at the beginning of October have made several times more than the current investment.
i strongly disagree. imo, it's the opposite, gold is a less risky investment with a long track record, established markets and use cases, etc...
bitcoin, on the other hand, is relatively new and more speculative, it does offer higher profitability but it also comes with higher risk.
That's just the exaggeration and bias of a bitcoin investor, LOL. How can a highly volatile and speculative asset be safer than one that has been around for thousands of years and is recognized worldwide? The higher the return, the greater the risk and Bitcoin is no exception. We should be realistic and fair instead of exaggerating because that doesn't change the fact that bitcoin can give better returns but is not safer than gold.
With an US senator proposing getting rid of gold reserves to replace them with bitcoin, will be interestkng to see what Trump does
we all know that's never going to happen. at best, they might create a bitcoin reserve funded by selling some of the gold, but getting rid of the gold reserve would be pure stupidity.
As far as I know, the US has never sold its gold reserves in the last 100 years and they are even planning to buy more. So the scenario where they sell gold to buy bitcoin and replace it into national reserves is not going to happen, you are right.